From Paper Tickets to Blockchain


cryptotickets logoToday begins CryptoTickets’ ICO, an Ethereum-based blockchain platform for ticket systems and event organizers. It is trying to solve ticket touting, fraud, and counterfeiting by utilizing the immutable ledger of the blockchain. Event organizers, ticket distribution platforms, and secondary marketplaces have struggled to deal with ticket counterfeiting and fraud for many years. For instance, earlier in 2017, thousands of Ed Sheeran fans were denied entry to the Ed Sheeran concert due to the tickets they had purchased on secondary marketplaces. The fans purchased tickets from unverified sellers at a value eight times higher than the face value, and received counterfeit


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